Latin America Mining News

Codelco 'perfectly well' financed for next two years — board chairman

Codelco returns all of its profits to the state and is funded by a mix of capitalization and debt.

Revitalizing its copper mines may not be sufficient to keep Chile at the fore

Demand for copper is expected to take off by the mid-2020s, but Chile is saddled with mines facing crippling declines in ore grades and a system that allows the bulk of its exploration concessions to sit idle.

Smart money is piling into oil

Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector.

Copper producer KGHM may freeze more mines in Canada, US – CEO

KGHM's foreign assets have struggled with rising costs, falling copper prices, technical problems and higher-than-expected capital spending.

Aurania finds high-grade copper and silver at the Lost Cities — Cutucu project in Ecuador

Reconnaissance exploration identified boulders in streams that contain up to 11.9% copper with 166g/t silver.

SolGold scores again at Cascabel project

The miner has found further mineralization at its Cascabel copper-gold project. Cascabel is believed to have the potential to become one of the largest copper-gold assets ever discovered.

Chile´s Collahuasi copper mine expects to match 2018 record output this year – CEO

Last year the mine produced 560,000 tonnes of copper, placing it among Chile´s top three producing mines.

Antofagasta to stay put on dividend policy but will return cash to shareholders

The company will retain its dividend policy of paying out at least 35% of underlying net earnings, but will pay out excess funds from the proceeds of sales to shareholders,

Squeeze from Brazilian iron ore disasters a boon for $1.5B magnetite pellet project

The Brazilian mine dam collapses and resultant forced shutdown of some of that country’s iron ore mines had caused a major seaborne supply squeeze across all of the commodity’s types.

Vale opens talks on compensation for dam disaster victims

Vale SA has opened negotiations with prosecutors and families of victims of the deadly January dam disaster.

Altiplano considers magnetic separation for Farellon ore

The company says that copper recoveries from low grade mineralized material went up following magnetite separation.

As Goldman backs off, Citi says chase iron ore rally to $100

Iron ore’s poised to hit $100 a ton, according to Citigroup, which highlighted “very, very low” seaborne cargoes just as data from China may show a pick-up in demand.

A million tonnes of copper is on the way: it may not be enough

Giant mines currently under construction will churn out an additional one million tonnes of copper through 2023, but that won’t be enough.

Cordoba to drill for porphyry source beneath Alacran

The company is planning a 1,000-metre drill program at its Alacran copper-gold deposit, part of its San Matias project in Colombia.

Vale minority shareholders push for board, voting changes

A group of minority shareholders in Vale SA has proposed an alternative board member and to change the board election to a cumulative voting system.

Anglo vows to quit Los Bronces $3B expansion if it affects nearby glaciers

The area around Los Bronces copper mine hosts 30% of Chile's copper resources and 10% of the world's.

MMG’s subsidiary in Peru reaches deal with blockaders at Las Bambas copper mine

Due to the conflict, some 8,000 people were being prevented from working at the mining complex.

Antofagasta secures funding for Los Pelambres expansion project

The full $1.3 billion project cost is being debt financed by Los Pelambres.

Fortuna Silver updates resources, production guidance

The company reported measured and indicated resources for Lindero of 18.9 million tonnes, a 51% increase over earlier estimates.

BHP Americas boss says miners must make copper greener

Many in the industry have emphasized the importance of copper in the quest for a lower carbon economy.

Investors with $10 trillion in assets pressure miners over tailings safety

The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.

Japan’s Mitsui injects $30m into Sigma’s lithium project in Brazil

The Japanese trading house is backing Sigma's Grota do Cirilo hard rock lithium project, in the south-eastern province of Minas Gerais.

Peruvian judge jails lawyers for three years over copper mine blockade

The ruling promises to further polarize a dispute between MMG and the village of Fuerabamba in Peru’s southern copper belt.

How countries are getting tougher with mining companies

A mix of political populism, higher commodity prices and the expectation electrification will spur demand for raw materials has led governments to change the rules for miners operating in their countries.

Premier to acquire polymetallic property in Mexico

The San Felipe property is located 55 kilometres from the company's Mercedes mine in Sonora.